Automotive Holdings Group managing director Bronte Howson has sold more than a third of his stake in the company.
Mr Howson sold $7.8 million in AHG shares on Friday in an on-market trade. The sale leaves him with about 3.6 million shares worth about $14 million.
"Post the release of our FY13 results, I have taken the opportunity to sell some shares to fund a personal investment," he said.
"I continue to have a substantial personal investment in AHG and am excited about the opportunities we are seeing and remain committed to the company's future."
Mr Howson sold 2 million shares at $3.88 each. The stock closed yesterday at $3.93.
The sale of the shares was conducted in line with the company's share trading policy for directors. The vehicle dealer network and logistics provider had a strong year, posting a 32 per cent hike in profit to $67 million.